Seller Financing Available
Wine and Liquor Store in CO Mountain Resort Town, 1.46MM Rev, 200K Net
37 Year Old Location Driven Wine and Liquor Store in CO Resort Town
The trailing 12 month earnings through March 31st were $195,426 on $1,463,073 in revenue. March 31st, 2014 completed their first 6 months of their fiscal 2014 year which had $111,005 in cash flow up 25% from the same period the year before. The 2013 earnings were $179,556 on $1,439,000 in Revenue.
The sales are location driven and this store benefits from being right next to a grocery store. Their economy is improving and there is a lot of growth expected long term based on the increasing population and new developments.
A long-standing location and customer base that consistently attracts recurring business. They had horrible weather in the Winter of 2012/2013 because of below average snow accumulations and still had a great year! Keep in mind that their Fiscal Year End is September 30th.
This is a “Fun” Business to Own, you will meet many famous and interesting people.
Location: Colorado Mountain Resort Town
The seller seeks to structure a fair deal as part of a $595K sales price plus inventory(the cost to the average size of the inventory is $175K). He will be keeping his cash and AR. Recurring revenue, large value of assets compared to the sale price, and location driven companies always deserve a higher premium to earnings and I believe this is priced just below the market.
Brief Overview and Deal Points:
The buyer will also step into a solid pipeline of recurring revenue with some of the highest gross profit margins in the industry which is a direct result of our great location and higher end products. “2014-2015 should be great years with the Colorado economy, skiing, and housing recovering”, the owner states. In short, the seller is bullish on the short and long-term projections of the business.
The liquor license is easy to apply for and will not take very long to obtain. We have a perfect reputation for fair dealings. The seller will agree to full reps and warranties to a solid legal and business standing. We have a great record for safety (OSHA) and no legal battles.
The business is for the most part, a cash/credit card business. The store does have a couple of charge accounts which have less than a 1% default rate historically. Based on the design of the store and cameras, shoplifting has been virtually non-existent. The owner has already implemented a computer system that tracks all sales and inventory so this business is very low maintenance.
• There are 5 trustworthy, competent, and reliable employees. This includes a manager and an assistant manager that are capable of running the location on their own. They are loyal and will all stay after the transition.
The location is 2,184 square feet with 1784 square feet of shopping space and 400 square feet of office and storage space. You have to walk right by the store to get to the grocery store from the parking lot. There are other high volume tenants in the same strip mall all with long term leases. The lease is for 5 years with two 2 year extensions as wanted. You must see the store to appreciate how well laid out it is and how good the location is. There is also plenty of free parking which is hard to come by in CO mountain resort towns. The landlord will transfer the lease and expects a multiple month deposit.
Growth and Expansion: The store will continue to grow without any changes. The owner currently only advertises in the yellow pages. They also do delivery. Targeted marketing including event planning companies, etc. should give them a chance to grow faster but the owner has been absentee and has not pursued any other form of marketing. Their online presence needs work also which is important considering how many customers are from out of town on vacation. They could improve their online presence by adding landing pages and their website is old and is not optimized.
Please Call of Email for Information: The broker is available at any time to discuss your interest in this offering and can set up a meeting either in person or by phone with the owner(s). Thank you for your interest.
If you are NOT interested in this business for sale, but you refer someone to us who buys it and we collect the full commission, we will immediately pay you a referral fee of $2,000. Please send us anyone (or email this to anyone) who you think would be interested in this offering. Thank you.
Jeff Chapman Eisnaugle
Company Broker Group, LLC.
999 18th St Ste 3000
Denver, CO 80216